hdfc bank, bank braches, indian banks

Shareholders of HDFC Ltd will receive 42 shares of the bank for 25 shares held. Existing shareholders of HDFC Ltd will own 41 per cent of HDFC Bank.

HDFC Bank and mortgage lender HDFC Ltd announce 'merger of equals'

Business Standard

Life Insurance Corporation

LIC net surges to Rs 234 cr in Q3FY22 due to change in surplus distribution

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In the same period last financial year, LIC's net profit totaled Rs 0.91 crore

Here is the best of Business Standard's opinion pieces for today

statutory regulatory authorities

The Nifty Pharma Index is currently trading in a defined range between 23,700 and 22,700. This suggests that the market is experiencing indecision, with neither buyers nor sellers dominating.

share market

The Bank of England has kept its main interest rate unchanged at 5% despite a big cut from the US Federal Reserve, its first since the onset of the coronavirus pandemic more than four years ago.
The decision Thursday was widely expected amid ongoing concerns about inflation within the bank's monetary policy committee, particularly the elevated levels in the crucial services sector, which accounts for around 80% of the British economy.
Figures on Wednesday showed that inflation overall in the UK held steady at an annual rate of 2.2% in August, still above the bank's goal.
The bank, which last month cut interest rates for the first time since the pandemic, is widely expected to reduce borrowing costs again at its next meeting in November, especially as it will have details of the government's budget on Oct 30.
On Wednesday, the Fed cut its main interest by half of a percentage point to roughly 4.8% from a two-decade high of 5.3%, where it had stood for 14 months. It also signalled th

Bank of England, England

The European Union said Thursday it will outline steps to compel Apple to open up its iPhone and iPad operating systems to competing technologies under the bloc's tough new digital rulebook, which threatens hefty fines for breaches.
The EU's executive branch, the European Commission, said it has opened two specification proceedings that will spell out what Apple needs to do under the 27-nation bloc's Digital Markets Act.
The DMA is designed to prevent Big Tech gatekeepers from dominating digital markets, including by breaking up closed tech ecosystems. It requires tech companies to make their systems operate with rivals, allowing consumers to switch more easily between platforms.
One proceeding will focus on how connected devices like smartwatches and headphones will have effective interoperability with Apple's operating system. The other will look at how Apple deals with interoperability requests from software developers for iOS and IPadOS, which should be done in a "transparent, .

European Union flag

US FTC report analysed how Meta platforms, ByteDance's TikTok, Amazon's Twitch, and others manage user data

Social media

Stock Market Highlights: Despite a choppy session, the day ended in favor of bulls, as many as 30 stocks of the Nifty50 index ended in the green with gains led by NTPC, Titan, and Nestle India

Stock Market, BSE, Nifty, Capital

If the US Federal Reserve (US Fed) rate cut is combined with a weaker dollar then the EMs (ex-China) should do well

CHRISTOPHER WOOD, , Jefferies

US Fed rate cut: Policymakers, according to reports, expect the Fed's benchmark to fall another half of a percentage point by 2024-end, and another one per cent in 2025

Imaging: Ajay Mohanty

The US Federal Open Market Committee on Wednesday voted to cut the federal funds rate target range by 50 basis points to 4.75-5.00 per cent from 5.25-5.50 per cent

V Anantha Nageswaran, Nageswaran, Anantha

Looks to raise another Rs 3000 cr from QIP

reliance infrastructures rinfra

Accepting the bulk of the five-point charter of demand placed by the agitating junior doctors, West Bengal Chief Minister Mamata Banerjee announced her decision to transfer a section of Kolkata Police and the state health department top brass, including CP Vineet Goyal, from their respective positions.
Banerjee also announced the removal of the Director of Medical Education (DME) and the Director of Health Services (DHS) besides the Deputy Commissioner (North Division) who allegedly offered money to the parents of the RG Kar victim.
We will announce the name of the new police commissioner after 4 pm on Tuesday after the scheduled hearing in Supreme Court gets over, the chief minister said at the stroke of midnight after concluding her meeting with the agitating junior doctors at her Kalighat residence, barely hours ahead of the scheduled Supreme Court hearing on the RG Kar hospital matter.
The decisions were formalised in the minutes of the meeting which was signed by Chief Secretar

West Bengal Chief Minister Mamata Banerjee interacts with junior doctors delegation, at her Kalighat residence in Kolkata on Saturday. (PHOTO: PTI)

Market today: US Fed policy decision, India's WPI, and P N Gadgil Jewellers IPO listing will be triggers for investors to watch out for

Stocks To Watch: Adani Enterprises and Wilmar International plan to sell a 13 per cent stake in their listed consumer joint venture, Adani Wilmar, to meet Indian shareholding norms.

stock market trading

Secretary of State Antony Blinken heads to Egypt on Tuesday for his 10th trip to the Middle East since the war in Gaza began nearly a year ago, this one aimed partly at refining a proposal to present to Israel and Hamas for a cease-fire deal and release of hostages.
Unlike in recent mediating missions, America's top diplomat this time is travelling without optimistic projections from the Biden administration of an expected breakthrough in the troubled negotiations.
Notably, Blinken has no public plans to go to Israel to meet with Prime Minister Benjamin Netanyahu on this trip. The Israeli leader's fiery public statements  like his declaration that Israel would accept only total victory when Blinken was last in the region in June  and some other unbudgeable demands have complicated earlier diplomacy.
Blinken is going to Egypt for talks Wednesday with Egyptian Foreign Minister Badr Abdelatty and others, in a trip billed as focused both on American-Egyptian relations and Gaza ...

Antony Blinken, Blinken

The man suspected in an apparent assassination attempt targeting Donald Trump camped outside a golf course with food and a rifle for nearly 12 hours, lying in wait for the former president before a Secret Service agent thwarted the potential attack and opened fire, according to court documents filed Monday.
Ryan Wesley Routh, 58, faces charges of possessing a firearm despite a prior felony conviction and possessing a firearm with an obliterated serial number. The Justice Department did not allege that he fired any shots. Additional and more serious charges are possible as the investigation continues and prosecutors seek an indictment from a grand jury.
Routh appeared briefly in federal court in West Palm Beach, kickstarting a criminal case in the final weeks of a presidential race already touched by violence and upheaval. Though no one was injured, the episode marked the second attempt on Trump's life in as many months, raising fresh questions about the security afforded to him durin

Donald Trump, Trump

LIC has appointed Boston Consulting Group as a consultant

Here are the benefits and step-by-step guide to create ATO orders on Zerodha's Kite platform.

Zerodha

Victims first receive an SMS, supposedly from India Post, about undeliverable parcels due to incorrect addresses, with a link to update details. Soon after, a scammer calls, urging quick action

scam

"Legacy" planes have been part of Air India's fleet before the Tata Group, after privatisation, took control of the airline in January 2022

Air India

Bajaj Housing Finance shares were listed at Rs 150 on the BSE, and NSE, surging 114.28 per cent above the IPO issue price of Rs 70

Subrata Kumar Panda

HDFC Bank and mortgage lender HDFC Ltd announce 'merger of equals'

LIC net surges to Rs 234 cr in Q3FY22 due to change in surplus distribution

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Best of BS Opinion: A checks and balances challenge, lagging behind, more

Nifty Pharma, FMCG indices range-bound; Check support and other levels here

Bank of England keeps main rate on hold at 5% in wake of US Fed cut

EU moves to compel Apple to open up operating system to rival tech

Social media users lack control over data used by AI, US FTC says

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Market Highlights, Sept 19: Sensex, Nifty end at record closing high after US Fed announces rate cut

Tactically cautious on India, Fed rate cut quantum a surprise: Chris Wood

US Fed rate cut: How leading brokerages interpret the development

Impact of US Fed rate cut might be muted in India: CEA Nageswaran

Reliance Infra board approves preferential issue worth Rs 3,014 crore